Tech
Google sued for $2.3 billion by Axel Springer and other media groups
Alphabet 32 media groups including Axel Springer and Schibsted sued Google for 2.1 billion euros on Wednesday, claiming they suffered losses due to the company’s
Apple will reveal plans for AI later this year
Apple plans to reveal more about its plans for generative artificial intelligence later this year, CEO Tim Cook said during the company’s annual shareholder meeting
Assets in Hong Kong’s largest bitcoin ETF have quintupled since October
Assets in Hong Kong’s largest exchange-traded bitcoin futures fund have quintupled in the past five months to just over $100 million, as local investors chased
Bumble will cut about 350 positions
Bumble said Tuesday it will cut about 350 positions, the first big move by new CEO Lydiana Jones after the online dating company forecast disappointing
Apple cancels work on electric car
Apple has cancelled work on its electric car, a source familiar with the situation told Reuters on Tuesday, a decade after the iPhone maker launched
Microsoft’s deal with Mistral AI is under EU scrutiny
Microsoft’s deal with French tech startup Mistral AI is under scrutiny in the European Union. Microsoft announced on Monday that it will soon make Mistral’s
Google steps up criticism of Microsoft and warns of rival monopoly in cloud
Alphabet Google Cloud on Monday stepped up criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that will hurt the development
Expedia to cut around 1,500 jobs globally amid slumping travel demand
Online travel platform Expedia said on Monday it was cutting about 1,500 jobs worldwide, or about 9% of its total workforce, as part of its
Meta to set up team to fight misinformation and AI abuse in EU elections
Meta, the owner of Facebook will set up a team to combat misinformation and abuse of generative artificial intelligence ahead of the European Parliament elections
China to strengthen defences against hacking attacks in key industries
China’s Ministry of Industry and Information Technology (MIIT) unveiled a plan on Monday to improve data security in China’s industrial sector and effectively contain “major